Income Tax Updates
400 Words to Sharpen Your personal tax knowledge
#64 – On Investment in Mutual Funds
Investing can seem daunting, especially with so many options available. One of the easiest and most popular ways to start is through investment in mutual funds. But what exactly are
#63 – On Basics of Investing
Investing is a way to grow your money over time. It involves putting your money into assets like stocks, bonds, or real estate with the hope that they will increase
#62 – On Alternative Minimum Tax in India
The Alternative Minimum Tax (AMT) is a unique provision in India’s tax system. It is designed to ensure that certain taxpayers, especially those with significant deductions and exemptions, still contribute
#61 – On Impact of GST on Income Tax
Goods and Services Tax (GST) and Income Tax are two essential components of India’s taxation system, each serving a distinct purpose but often intertwined in their impact on businesses and
#60 – On Tax Benefits for Home Loan
Buying a home is a dream for many, and in India, taking a home loan can make that dream more attainable. Apart from owning a house, home loan borrowers can
#59 – On Advance Tax in India
Advance tax is a system in India where taxpayers pay their income tax in installments throughout the year, instead of in one lump sum at the end of the financial
#56 – On Taxation of Digital Assets
In recent years, digital assets like cryptocurrencies and non-fungible tokens (NFTs) have gained a lot of attention in India. With this popularity comes the question: how are these assets taxed?
#55 – On NRI Taxation in India
Non-Resident Indians (NRIs) often face confusion regarding their tax obligations in India. The Income Tax Act, 1961, defines NRIs and outlines their tax liabilities. Here’s a simple guide to help
#54 – On National Pension Scheme(NPS)
The National Pension Scheme (NPS) is a retirement savings scheme launched by the Government of India, designed to provide financial security after retirement. It is particularly beneficial for individuals looking